“Why are you afraid to start?”

Feedback in:

I’ve always had a Trend Trading bent but didn’t realize it until I read your TurtleTrader book and now Trend Following. I just wish I had the maturity to understand what you’ve been trying to say to me a few years ago.

More:

My name is [blank], I am a senior at Babson College and I am interning at a Private Equity firm for the summer. Investing in stocks has always been my passion and I am starting to get into it each day. The biggest challenge I have faced is basically not wanting to invest out of fear that I lack knowledge. I do not consider myself to be an “emotional” investor, rather my “fear” is a product of an intellectual understanding that I need to know more. I feel I need to fully understand and study all economic downturns in history to fully grasp and anticipate market behaviors. I would like your advice and your perspective–can this “fear” serve as motivation to further study the markets? I look forward to your answer and to your mini-course!

Why are you afraid to start?

Start here to fix that.

“Some of us out there are still keen and capable of independent thinking…”

Feedback in:

Cheers mate, I love your book.

I’ve been working up a few different options for trend following. I’ve tried moving average cross overs of sma50/sma100, sma50/sma200 and ema20/sma50.

But the most effective so far seems to be stocks breaking out of a 365 day high or longer long term resistance and above a 10 period offset low. The sell is on the cross of the 10 week period low. It seems to work well on daily charts but also very well on weekly charts. I’ve been looking at stocks on the ASX, mainly the top 200. See attached an example.

Just an idea to show you there are some of us out there still keen and capable of independent thinking. I’m looking forward to doing more of this on commodities to see how it performs. I’m amazed at the period of hold, a couple of years in some instances.

Thanks!

New to my world? Start here.

Ep. 781: Mike Jackness Interview with Michael Covel on Trend Following Radio

Mike Jackness
Mike Jackness

Subscribe to Trend Following Radio on iTunes

The course of my life was significantly changed by the internet.

My business, my life in Asia–all a product of the freedom and opportunity that the internet has provided. It’s there for the taking if you’re willing to work.

This week I had the opportunity to sit down and chat with someone who’s life path was also significantly altered by the digital revolution. Mike Jackness is the CEO of Terran, an eCommerce company that builds and operates unique brands and content sites. He is also the cofounder of Ecom Crew, a blog and podcast dedicated to showing what goes on behind the scenes while running a seven-figure eCommerce brand.

Getting his start in the online poker world over a decade ago, Mike ran one of the largest poker affiliate companies in the world until new legislation brought the whole industry to a halt. From there, he ventured into ecommerce with Treadmill.com, which he then sold in 2014. Since then, he has started multiple other ecommerce brands with total revenues over $7 million annually.

In this episode of Trend Following Radio:

  • Start and Grow Your Amazon and Ecommerce Business

Mentions & Resources:

“Fabulous podcast on Earl Weaver!”

Feedback in:

Michael,

Fabulous podcast on Earl Weaver! I spent many days at the old Cleveland Municipal Stadium in the 70s and 80s watching Indians v Orioles. My favorite “rival.” I loved Earl chain smoking in the dugout. Great memories, great analogy! Keep up the quality work.

[Name] CFA CFP®
Vice President, Senior Investment Advisor
Asset Management Group
[Name] Wealth Management

For those who did not hear.

The Trading Personality Ruse

Feedback in:

Essentially from what I’ve read so far, one must find a strategy that fits one personality. Correct me if I’m wrong.

I disagree. You need something that works. Most people have no idea what their personality is, how to measure it (even possible?), nor how to fit a trading strategy to it.

Find something that works.